Chronicled completes technical pilot

Chronicled - technical pilot

Chronicled Inc have successfully completed a technical pilot where it successfully showed that Serialized Global Trade Item Numbers (SGTINs) can be transferred anonymously using a cryptographic method. SGTINs are used to identify items as they move through global supply chains made up of different custodians and legal jurisdictions. Chronicled used an applied cryptographic verification model known as Zero Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARK), which was...

Parity Wallet breach leads to $30 million Ether theft

$30 million Ether theft

There have now been two high profile cryptocurrency heists in the space of as many weeks, as hackers reportedly made off with $30 million in Ether last week. The latest attack exploited a vulnerability in Ethereum wallet client Parity, which allowed the hacker to send funds from multi-sig contract wallet. Multi-sig wallets are designed so that multiple people have control over the keys, and funds cannot be moved unless the majority approve the move with their keys. A security alert...

Leading blockchain publishers partner together with Po.et

Po.et logo

Four leading international publishers working in the blockchain space have decided to partner with new blockchain protocol Po.et. The Merkle, Crypto Insider, Coinspeaker and ChainB will now use the platform to build a digital history of their writers work. Po.et is concerned with using blockchain technology and timestamped metadata for attribution and licensing within the digital media industry. This is an important step in solving some of the issues that digital publishers and content...

Public test of proof-of-stake smart contracts platform

Smart contract platform

The Qtum Foundation has announced Sparknet, the public test of a smart contract platform that combines Bitcoin Core and Ethereum’s Virtual Machine. Inspired by the infighting and competition between the different blockchain communities, the company looks to create ‘efficient scalability and compatibility’ between the various blockchain technologies. The company raised $15.6 million in a crowdsale in March 2017. There are currently six decentralised blockchain applications under...

Toyota Research Institute exploring blockchain use in autonomous driving tech

The Toyota Research Institute (TRI) is collaborating with MIT Media Lab and other industry partners to see if distributed ledgers can accelerate the development of autonomous driving technology. The project is looking to create an ecosystem that allows businesses and consumers to securely share driving and testing data for self-driving vehicles. Utilising blockchain technology to manage ride-share transactions and store vehicle data for insurance purposes are also being looked...

90% of bond issuance legal docs converted to smart contracts

BlockEx has teamed up with international law firm to create standardised, smart contract templates for the vast majority of bond issuance legal documentation. Partnering with Winston & Strawn LLP to turn 90% of the legal paperwork needed for bond issuance into smart contracts, the firm hopes to reduce time and cost for small businesses. BlockEx also wants to automate the entire lifecycle of a bond so that costs to businesses can be cut further. The BlockEx Digital Asset Platform, due...